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dc.contributor.authorBroll, Udoen
dc.contributor.authorRoldán-Ponce, Antonioen
dc.contributor.authorWahl, Jack E.en
dc.date.accessioned2010-06-08-
dc.date.accessioned2010-09-09T09:45:23Z-
dc.date.available2010-09-09T09:45:23Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/39794-
dc.description.abstractThis paper considers a model of spatial allocation of investment capital under uncertainty. We demonstrate that the spatial concentration of economic activity depends upon properties of risk preferences deeper than risk aversion. The degree of so-called relative prudence unambiguously decides whether or not the diversi cation of income risk favours the geographic dispersion of economic activity. In our framework we relate risk diversi cation with economic integration. Then there exists risk preferences so that spatial concentration of industry and capital is not a ected by the degree of economic integration or segmentation of the regions. We also study the impact of net return regressibility upon spatial allocation.en
dc.language.isoengen
dc.publisher|aTechnische Universität Dresden, Fakultät Wirtschaftswissenschaften |cDresdenen
dc.relation.ispartofseries|aDresden Discussion Paper Series in Economics |x03/10en
dc.subject.jelD81en
dc.subject.jelR12en
dc.subject.jelR30en
dc.subject.jelR38en
dc.subject.ddc330en
dc.subject.keywordspatial allocationen
dc.subject.keywordinter-regional disparityen
dc.subject.keywordrisk aversionen
dc.subject.keywordprudenceen
dc.subject.keywordregressionen
dc.subject.stwInvestitionen
dc.subject.stwKapitalmobilitäten
dc.subject.stwRegionale Disparitäten
dc.subject.stwRisikopräferenzen
dc.subject.stwWirtschaftsintegrationen
dc.subject.stwRegressionen
dc.subject.stwTheorieen
dc.titleSpatial allocation of capital: The role of risk preferences-
dc.type|aWorking Paperen
dc.identifier.ppn627495486en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:tuddps:0310en

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